Yes, you read that correctly there is a live action version of Ranma 1/2 floating around out there, and before you asked I purchased my copy via EBay… and at a glance it would appear that there are still copies of it available.

First I found this little trailer via YouTube (unfortunately no English subtitles):

Before I purchased this anomaly I researched all that I could about this movie even locating the Facebook Page that was created for this live-action film.

But what is the movie about… officially? There is a long thorough summary over at Furinkan.com, but for the essence of spacing there is a shorter summary that I took from AsianWiki.

Akane (Yui Aragaki) is the youngest of three daughters for Soun Tendo. Her father Soun Tendo (Katsuhisa Namase) runs a dojo for martial arts. Akane hopes to carry on her father’s dojo into the distant future.

Meanwhile, Akane has been selected to marry Ranma (Kento Kaku), the son of her father’s long time friend Genma (Arata Furuta). Akane and Ranma’s relationship has developed into a love and hate relationship. Also, Ranma isn’t your typical boy. While on a training journey Ranma fell into the Spring of the Drowned Girl and now changes into a women whenever cold water is splashed on him. Warm water will allow him to revert back to a male. Problems arise when Akane’s father declares that the successor to their dojo must be a male. Now, Akane and Ranma (being a man only half of the time) must find a secret spring that can cure him of his curse.

After surfing a little more there was someone who did a video review of the Ranma 1/2 Live Action film and I highly recommend it:
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